In this video, I’ll dive into the economics of housing affordability. Much of this information holds true for any real estate market but, is especially true for Canadians looking to buy properties.
I’m excited to team up with Real Estate Magazine to provide a (hopefully) unbiased view of monthly trends. In these videos, I get a chance to dive a bit deeper into the numbers and provide context for long-term trends.
Chapters:
0:00 Intro
0:16 Factors of Housing Affordability
2:30 CREA December Statistics
6:44 Residential Average Price and Credit Sensitivity
9:10 RBC Provincial GDP Forecast
12:39 Industry Conversations and Trends
There’s more pain on the way for the Canadian Real Estate Market in 2023. Hopefully, this will translate into optimism for 2024. I think it will. Listen in to hear why.
What needs to change for housing to become more affordable? It’s a simple answer. The solutions? Not so simple.
I’ll follow up with videos on ‘Power of Sale’ to provide more context for trends happening in real estate markets across Canadian provinces.
Articles and resources referenced:
Canadian home sales edge up in December – https://realestatemagazine.ca/canadian-home-sales-edge-up-in-december/
Follow me:
@danielfoch
askdanfoch@gmail.com
Directing and Production:
ADAMDCMEDIA @ADAMDCMEDIA
adamdarvay@gmail.com
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